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3. Suppose a single rm faced the following demand and cost curves (next page). [GREEN labels axes and curves, BLUE labels points] a. The monopolist

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3. Suppose a single rm faced the following demand and cost curves (next page). [GREEN labels axes and curves, BLUE labels points] a. The monopolist would produce at point b. The monopolist would price their product at point c. The monopolist would earn prot of (use the points on the graph to describe the area) cl. The market has a consumer surplus of {use the points on the graph to describe the area)

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